Malta ranks first in economic growth in eurozone

Malta registered the greatest economic growth in the eurozone in the first half of 2018, according to a report published by the international agency DBRS.

In a report published on the 18th of September, the DBRS said that the Malta ranks first in the eurozone in terms of economic growth, followed by Latvia and Slovenia. Italy, Belgium and France ranked last.

According to DBRS, Malta among the three countries with the lowest unemployment rate in the Euro zone. In the second quarter of 2018, the rate of domestic unemployment was 3.9%. It was found that Malta had the greatest growth in its Gross Domestic Product (GDP), which grew by 5.7%.

In August, Malta’s credit ratings were confirmed as A (high) and R-1 (middle) by DBRS, a credit rating agency. DBRS said that  Malta’s economy remained one of the top growth performers in the euro zone with an economic growth which accelerated to 6.4% in 2017.